1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Discuss politics - join our community by registering for free here! HOP - the political discussion forum

Grocery prices surging

Discussion in 'Business & Economics' started by Popeye, Nov 24, 2007.

  1. Popeye

    Popeye Active Member

    Joined:
    Sep 3, 2007
    Messages:
    3,023
    Likes Received:
    10
    Trophy Points:
    38
    Location:
    Washington state
    Bush administration claims of low inflation don't take food prices into account? How convenient. Food prices have been rising steadily, as these figures show, but anyone who's gone shopping over the past year could tell you that. On the bright side, all this is potential good news for Democrats in 2008.
     
  2. PLC1

    PLC1 Moderator Staff Member

    Joined:
    Apr 20, 2007
    Messages:
    9,891
    Likes Received:
    484
    Trophy Points:
    83
    Location:
    The Golden State
    None of the above should come as any surprise.

    For one thing, when the price of petroleum goes up, virtually everything else follows. We learned that during the oil crisis of the early '70s.

    For another, the misguided attempt to become a little more energy independent by making ethanol out of corn has resulted in high corn prices (surprise!), which has raised the price of animal feed, which has raised the price of anything produced by chickens, pigs, or cows.

    And, finally, the balance of trade has begun the inevitable devaluation of the dollar.

    Welcome to econ 101.
     
  3. Bunz

    Bunz New Member

    Joined:
    May 28, 2007
    Messages:
    3,215
    Likes Received:
    14
    Trophy Points:
    0
    Location:
    Alaska
    I have been seeing this myself for the last 7 years. Due to my remote location there is already a markup in the stores. Most items are flown in and the increase in fuel price has increased shipping costs which is passed onto the consumer.
    Here is a breakdown of the cost of a few things here locally.
    Gasoline-$4.97
    Gallon of milk-$8
    boneless skinless chicken breast-$8...when available.
    pound of ground beef-$4-5.
    20oz bottle of soda-2.35
    bananas-$3 pound when available
    tomatos-$4-5 when available
    potatos-$12 for 5 pounds

    It only looks to be getting worse.
     
  4. PLC1

    PLC1 Moderator Staff Member

    Joined:
    Apr 20, 2007
    Messages:
    9,891
    Likes Received:
    484
    Trophy Points:
    83
    Location:
    The Golden State
    It sounds like living in Alaska can be costly. Here, gas is around $3.30, milk is under $4, those plastic bottles of soda go for $1.25 more or less, tomatoes, the hothouse variety that taste like tomatoes, can approach $3 in the winter. Five pounds of spuds will set you back less than $2 if you shop around.

    Still, we complain, especially about gas.

    Houses in California, on the other hand, can be pricey.
     
  5. Bunz

    Bunz New Member

    Joined:
    May 28, 2007
    Messages:
    3,215
    Likes Received:
    14
    Trophy Points:
    0
    Location:
    Alaska
    Life in Alaska can be pricey. The cost of living is high as per my description. In the urban areas of Anchorage, Fairbanks and Juneau the prices are generally comparable to the lower 48.

    Rural Alaskans offset thier cost of living generally through subsistence. If it wasnt for 200 salmon, at least one moose, a few caribou and a few dozen birds taken to support my family I would have a real struggle putting food on the table through the store.

    House and land ownership is as costly as is general in the lower 48 because the utilities expenses are that much higher. While $200k will buy you a 3 bedroom 1.5bath house on a decent lot, in the winter one can figure on heating costs being as high as thier mortage without using a wood stove efficiently.
     
  6. Dustin

    Dustin New Member

    Joined:
    Nov 20, 2007
    Messages:
    19
    Likes Received:
    0
    Trophy Points:
    0
    Maybe if we get out of Iraq energy prices will go down?
     
  7. PLC1

    PLC1 Moderator Staff Member

    Joined:
    Apr 20, 2007
    Messages:
    9,891
    Likes Received:
    484
    Trophy Points:
    83
    Location:
    The Golden State
    Why should that be so?
     
Loading...

Share This Page